PJSC “Chernivtsi Oil and Fat Plant” (COFP), part of the Vioil Group, reduced its net loss by 47.9% in January–June 2026 compared to the same period in 2025, bringing it down to 48.8 million UAH.
According to the company’s disclosure in the National Securities and Stock Market Commission (NSSMC) reporting system, its net revenue from product sales for the first half of the year increased by 33.9% to 319.6 million UAH.
According to the financial statements, in January–June of this year, the company recorded a gross profit of 0.5 million UAH, compared to a gross loss of 40.9 million UAH for the same period last year, while the operating loss decreased by 46.8% to 49.1 million UAH.
The document notes that in the second quarter, the Chornomorsk Oil and extraction complex, increasing its capacity to 1,800 metric tons per day of sunflower seeds, compared to the current capacity of 500 metric tons per day. Work has already been completed on developing a feasibility study, including visualizations, for this construction project.
In addition, a project was developed to modernize the DKVR -20-13 boiler has been developed to reduce the burning of hulls, and equipment has been procured to implement a scheme for granulating oilcake prior to extraction, with the aim of increasing the oil extraction unit’s capacity and reducing costs by lowering the oil content of the meal.
As noted in the report, by the end of the second quarter of 2026, 12.29 thousand metric tons of sunflower seeds and 5.93 thousand metric tons of soybeans had been processed; production volumes of unrefined sunflower oil totaled 5.47 thousand metric tons; crude soybean oil production was 1.38 thousand metric tons, sunflower meal production was 4.82 thousand metric tons, and soybean meal production was 4.49 thousand metric tons. Production of refined and deodorized sunflower oil totaled 0.05 thousand metric tons.
It is noted that the capacity utilization rate of the oil extraction plant for the second quarter of 2026 was 52.15%, that of the oil refining shop was 0.92%, and 0.86 thousand metric tons of granulated sunflower hulls were produced. Part of the hulls is burned in the plant’s boiler room; the steam generated is used to power the plant’s production processes and to heat the facilities. During the reporting period, 6.01 thousand Gcal of thermal energy were generated.
As of June 30, 2026, the plant had 1.2 million UAH in its accounts, compared to 8.3 million UAH at the beginning of the year. At the same time, the enterprise had no bank loans—neither long-term nor short-term.
The ChozhK complex includes an oil extraction shop with a capacity of 500 metric tons of sunflower seeds per day (actually processing 470–490 metric tons per day), seed storage facilities for 7,500 metric tons, and metal silos for 2,400 metric tons, a 2,000-metric-ton meal elevator; a hull pelletizing section with a capacity of up to 45 metric tons per day; and oil storage tanks with a capacity of up to 5,000 cubic meters.
The average number of employees at the plant in the first half of 2026 was 313.
The company is part of the “Vioil” industrial group—one of Ukraine’s leading producers of sunflower oil.
In 2025, ChOZhK reported revenue of 768.4 million UAH, which is 51.2% less than in 2024, and a net loss of 144.1 million UAH, compared to a net profit of 14.3 million UAH a year earlier.
OIL, PROCESSING, SUNFLOWER, VIOIL, ЧОЖК
OTP Bank (Kyiv) has provided Vioil industrial group, a producer of vegetable oils, with a financing limit of UAH 700 million to replenish the working capital of the group’s companies, the bank’s press service said.
“Thanks to the conditions provided by OTP Bank within the loan agreement, Vioil will significantly reduce expenses within the existing loan portfolio in other banks and will direct the saved funds to the development and annual increase in the volume of production,” the bank’s press service said, citing Vioil’s CFO Alla Vlasiuk.
Vioil Group is a producer of vegetable oils in Ukraine. It exports products to more than 60 countries around the world. The group’s assets include eight elevators and three monocultural oil extraction plants with a total processing capacity of 1.1 million tonnes per year.
OTP Bank is the flagship of the OTP banking group, registered by the NBU. It also includes AMC OTP Capital LLC and OTP Leasing LLC.
According to the National Bank of Ukraine, as of June 1, 2021, in terms of total assets, OTP Bank ranked ninth (UAH 65.854 billion) among 73 banks operating in the country.
Vinnytsia oil and fat mill of ViOil Industrial Group in 2018/2019 season has produced more nearly 89,000 tonnes of soybeans, which is 2.4 times more than last year.
According to the company’s press release, the combine processed over 17,000 tonnes of unrefined soybean oil and about 65,000 tonnes of soya oilseed meal.
The mill exports all processed soya products.
As reported, Kernel, one of the largest Ukrainian agrarian groups, in February-2019 acquired 5.85% of ViOil shares.
ViOil Industrial Group was created by Viktor Ponomarchuk in 2006 on the basis of agricultural assets of KMT industrial group.
Currently ViOil owns 13 granaries with a total capacity of 360,000 tonnes. The group exports products to more than 60 countries.
The oil and fat mills of ViOil industrial group have resumed their work after overhauls. “ViOil has completed the overhauls of its oil and fat plants. All the plants of the group are fully prepared for the new season of processing oilseeds,” the group’s website reported. Now the program of processing rapeseeds starts at the enterprises. The plan is to process about 107,000 tonnes of rapeseeds by the end of summer.
Commercial Director of ViOil Ihor Hadomsky noted that rapeseed oil and meal are in high demand in the foreign market. “We will send all the rapeseed oil to China. The main buyers of rapeseed meal are the EU countries, where it is used as a feed additive in animal breeding,” he said.
As reported, Kernel, one of the largest Ukrainian agrarian groups, in February-2019 acquired 5.85% of ViOil shares.
